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“I like to buy danger and some risk, I do not like to buy safety. Stock market is meant for taking risks but wisely. It is not blind risk or crazy risk or reckless risk. There is acceptable risk and there is unacceptable risk. There are many stocks that are highly risky like Zomato. Am I happy with that risk it poses? I am not at all happy. It is not an acceptable risk.”

A total of 18,959 shares changed hands on the counter till 11:57AM (IST).

The global crypto market cap dropped about 2 per cent to $1.78 trillion mark. On the contrary, the total crypto market volume jumped more than 31 per cent to $70.68 billion.

SBI, Nestle India, Titan Company, Asian Paints, Kotak Mahindra Bank and HDFC shed over 1 per cent each. HDFC Bank, Reliance Industries, Tech Mahindra, ITC and Hindustan Unilever declined up to 1 per cent.

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research, Kotak Securities said that risk sentiment stabilized somewhat as US and Russia agreed to hold talks over Ukraine, however, tensions prevail as the US has maintained that Russian attack may happen soon.

Promoters held 38.4 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 36.37 per cent and 11.04 per cent, respectively.

The stock traded at a P/E multiple of 32.89, while the price-to-book value ratio stood at 2.6.

The Nifty Pharma index was trading 0.86 per cent down at 13095.1.

Go Fashion (India) Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 4983.68 Crore) operating in Apparels sector.

HGS has been operating in the UK for over 10 years, with revenues of about 67 million pounds as of March 2021. In the nine months ended December 2021, HGS UK more than doubled its revenues to 87 million pounds.